Acea, Board of Directors approves 2019-2022 Business Plan

GROWTH ACCELERATION IN VALUE CREATION FOR THE GROUP
EBITDA IN 2022 AT 1.3 BILLION EURO WITH A GROWTH OF 36% COMPARED TO 2018
RAB TO REACH 4.8 BILLION EURO IN 2022 WITH A GROWTH OF 28% COMPARED TO 2018
BUSINESS PLAN WITH INVESTMENTS AT HIGHEST EVER LEVEL: 4 BILLION EURO
MINIMUM DIVIDEND OF 0.75 EURO PER SHARE IN 2019 AND FURTHER INCREASE DURING THE PLAN PERIOD

The final data for 2018, with EBITDA at 933 million Euro, are well in excess of the 2019 target figures envisaged in the previous 2018-2022 Plan and make it possible to aim for even more challenging objectives.

Plan targets

  • Average 8% annual growth in EBITDA, reaching 1.1 billion Euro in 2020 and 1.3 billion Euro in 2022, therefore recognising an overall increase of 36% by the end of the plan period
  • Investments totalling 4 billion Euro during the period 2018 - 2022, up by around 900 million compared to the previous Plan
  • Monitoring of Group net debt, with NFP/EBITDA ratio of less than 3x in 2022
  • Total 800 million Euro in dividends during the period 2018-2022, up by 100 million Euro with respect to the previous plan (DPS ≥0.75 Euro).

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Acea S.p.A. published this content on 02 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 April 2019 06:11:12 UTC